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Europe Guide
Firm Profile

Monastyrsky, Zyuba, Stepanov & Partners

Firm Profile


  • Profile
  • 3/1 Novinsky Boulevard
  • Moscow
  • Moscow
  • Russia
  • 121099

Firm profile submitted by Monastyrsky, Zyuba, Stepanov & Partners

Managing Partner: Alexander Zyuba
Number of partners: 9
Number of associates: 37
Languages: English, Russian

Founded in 1991 and based in Moscow, MZS has an almost unequalled track record and reputation across a diverse range of practice areas and industries – representing some of the world’s largest and best companies. MZS is best known on the market for dispute resolution practice. Yet the firm manages a broad spectrum of corporate and commercial work.

Main Areas Of Practice:

Dispute Resolution:

■ Representing AFK Sistema in proceedings on repossession by the State of a majority stake in Bashneft and the resulting US$ multi-billion damages claimed from former owners of the stake 
■ Received instructions from AFK Sistema in the USD 3 billion damages case brought by Bashneft and Rosneft
■ Counsel to Bashneft in a shareholder dispute on invalidation of the transfer of the Trebs-Titov oilfield license
■ Counsel to Yugra Bank in challenging banking license revocation orders by the Russian Central Bank
■ Representing IKEA in nearly all disputes for the past years, including one against local electricity suppliers group with over US$1 billion at stake 
■ Instructed by Samsung in the US$ multi-million arbitration against Euroset, their major Russian distributor of mobile devices
■ Counsel to Halyk Bank (People’s Bank of Kazakhstan) in insolvency and recovery proceedings concerning its corporate debtors in Russia
■ Representing Prodimex, the largest Russian sugar producer, in insolvency proceedings of Ivolga-Center and Sakhar Zolotukhino
■ Representing UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, against Rospatent regarding its decision to annul UVZ railway car patent
■ Assisting Aeroflot with its attempts to claim in the United Kingdom against the estate of late Russian tycoon, Boris Berezovsky
■ Instructed by A1 in a corporate conflict regarding Stroyfarfor, a major Russian ceramic tile producer  
■ Counsel to Gazprom in a US$500 million dispute with Rosgazificatsia relating to allegedly wrongful debiting of Gazprom shares from a share registry account by the registrar
■ Counsel to Prosperity Capital in cases on recovery of damages from directors of GAZ, TGK-2 and other major Russian companies
■ Instructed by United Capital Group on proceedings in the LCIA and BVI courts regarding a conflict between shareholders of the Vkontakte social network
Contacts: Yuri Monastyrsky, Alexander Zyuba, Dmitry Lovyrev, Dmitry Mukhomorov, Anton Aleksandrov

Corporate / M&A / Private Equity:
■ Advising the owners of Forum Properties on a particularly complex US$ 4 billion joint venture with one of the Russia’s largest owners of office premises
■ Advising Izurium Capital, a private equity fund, on a number of cross-border acquisitions, including the purchase of mining businesses in Russia, Congo, Brazil and the US, investment in, a US designer company, contemplated acquisition of Notemachines, a British ATM producer; and acquisition of a controlling stake in Dynacast International, a US precision-casting business
■ Instructed by UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, on acquisition of several heavy industry businesses throughout Russia, including Chelyabinsk Tractor Factory - Uraltrack and on setting up a joint venture with PESA, a Polish tram producer, with respect to the production in Russia of PESA’s new tram model ordered by the City of Moscow 
■ Instructed by the owners of OPUS on the sale of their business to Bealieu International Group, a major European floorings producer
Contacts: Alexander Zyuba, Mikhail Motritch

Capital Markets/Banking & Finance:
■ Advising the National Stock Market Participants Association (NAUFOR), the Association of Russian Banks (ARB) and the National Foreign Exchange Association (NFEA) on the upgrade of the 2009 version of the standard OTC derivatives master agreement to the netting-eligible 2011 version approved by the Federal Financial Markets Service
■ Drafting the industry-standard documentation (definitions) for Russian domestic OTC commodity derivatives markets, upgrading the equity and fixed income derivatives annexes (definitions) to the Russian standard derivatives documentation to include foreign securities as eligible underlying assets and drafting a credit derivatives annex (definitions) to the Russian standard OTC derivatives market documentation
■ Advising the National Settlement Depository on setting up a trade data repository for OTC derivative transactions
■ Advising VTB on a number of new product development projects, including Russian law-governed hybrid fixed-income and credit derivatives products and collateralised jumbo swaps
■ Advising Sberbank on the development of a trade specific collateral arrangement for a swap transaction as well as on hybrid credit derivative structures 
■ Advising some of the leading global financial institutions (Morgan Stanley, UBS, Nomura, Barclays Capital, Credit Suisse) on various aspects of OTC derivatives trading
Contact: Vladimir Khrenov

Antitrust / Regulatory:
■ Counsel to Google in dispute with Yandex and the Russian Federal Antimonopoly Service
■ Representing Transneft on a number of disputes with the Russian Federal Antimonopoly Service regarding regulated procurement policies and contracts
■ Instructed by Rostelecom in a number of disputes with the Russian Federal Antimonopoly Service over alleged abuse of client’s dominant position
■ Internal compliance audits carried for a major European auto producer and a Kazakh mining and energy company
■ Assisting major clients, including EBRD, Gruma, Apax Partners, Bonnier, Prosperity Capital, with obtaining antitrust clearances as part of their M&A deals
Contacts: Alexander Zyuba, Mikhail Motritch

■ Instructed by Rostelecom, Russia’s largest fixedline operator, on the acquisition of a number of regional telecoms throughout the country
■ Counsel to sellers on the contemplated sale of the largest mobile telecom operator in Tajikistan
■ Advising Nokia Siemens Solutions in respect of setting up an IT joint venture with Rusnano in Tomsk, Russia
■ Assisting a Rostec group company with setting up an IT joint venture in Russia with Alcatel-Lucent
■ Comprehensive due diligence of Russian telecoms for Tele2 as part of the strategic major of mobile businesses between Tele2 and Rostelecom
Contact: Alexander Zyuba

Intellectual Property:
■ Advising R-Pharm, Medbiopharm and other Russian pharmaceutical companies as regards the protection of their IP rights
■ Counsel to Perfetti van Melle, one of the world’s leaders in the confectionary industry, on a potential IP dispute 
■Counsel to Efes Pilsner in IP infringement litigation over the Zlatopramen beer brand
■ Instructed by Borjomi, a leading Georgian producer of mineral water, in their IP infringement action against Russian Borjom
Contacts: Yuri Monastyrsky, Dmitry Lovyrev,


  • 3/1 Novinsky Boulevard,
  • Moscow,
  • Russia
  • 121099
  • Tel +7 495 231 4222
  • Fax +7 495 231 4223
  • Website :
  • 3/1 Novinsky Boulevard,
  • Moscow,
  • Russia
  • 121099
  • Tel +7 495 231 4222
  • Fax +7 495 231 4223